Does your family have a safety net if the unexpected hits?
Help protect your family against the unexpected. Protecting your loan balance or loan payments against involuntary unemployment, disability or death could help protect your family's finances and future.
With Payment Advantage, we will cancel or reduce repayment of your protected loan debt so that you and your family don’t have to worry about making payments during a difficult time.*
Be protected for the future and include Payment Advantage with your CAFCU Loan or Credit Card.
Contact our Lending Center at 1-800-359-1939, option 2 to enroll today!
Protection when it matters… We are here to help!
In your time of need, our claims process is quick and easy. If you elected Payment Advantage on your loan, you can use our convenient claims process to quickly and easily file your claim for any of the following:
- Life
- Terminal Illness
- Accidental Dismemberment
- Hospitalization
- Family Medical Leave
- Loss of Life of a Dependent
- Disability
- Involuntary Unemployment
If you prefer, call 1-800-621-6323 to begin the process and a CUNA Mutual Group Claims Specialist will guide you through the process.
Protection Benefits:
Life Plus | Disability | Involuntary | |
| Type of Cancellation | Balance Cancellation | Payment Cancellation | Payment Cancellation |
| Type of Protection | Accident & Sickness | Accident & Sickness | Involuntary Unemployment |
Maximum Benefits | $100,000 Limit** | 12 months or $12,000 | 9 months or $9,000 |
When Benefits Begin | N/A | Waiting period = 14 days | Waiting period = 14 days |
| Limitations | 6 month pre-existing before advance | 6 month pre-existing before advance | 3 months after advance |
Protection Options:
| Protection Plan | Available Loan Types | Life Plus | Disability | Involuntary |
| Premier | Vehicle, Credit Card, Signature, Share Secured, Quick Cash, Fixed Home Equity, Member’s Advantage Mortgage and Home Equity Line of Credit. | ✔ | ✔ | ✔ |
| Select | Vehicle, Signature, Share Secured and Quick Cash. | ✔ | ✔ | |
| Basic | Vehicle, Signature, Share Secured, Quick Cash, Fixed Home Equity, Member’s Advantage Mortgage and Home Equity Line of Credit. | ✔ |
For more information or questions connect with us:
*This protection could cancel your loan balance or loan payments up to the contract maximums. Your purchase of Payment Advantage is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Payment Advantage. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. Corporate America Family Credit Union Home Mortgages are not eligible.
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**If you pass away before the end of the month during which you reach your 75th birthday, we will cancel your protected balance up to a maximum of $100,000. If you pass away after the end of the month during which you reach your 75th birthday, we will cancel 25% of your Protected Balance as of the date of death, up to a maximum of $25,000.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Payment protection products include debt protection products available through the credit union